AEP Q1 GAAP EPS $0.77 vs $1.41 YoY; operating EPS $1.11; reaffirms 2023 guidance $5.19-$5.39

AMERICAN ELECTRIC POWER CO INC

2023-Q1 EPS reported $0.77 revenue$4,690,900,000

First-quarter 2023 GAAP earnings of $0.77 per share, down 45% from $1.41 in Q1 2022; operating earnings $1.11 vs $1.22.
Revenue $4.7B in Q1 2023 vs $4.6B in Q1 2022; GAAP net income $397M vs $715M.
Reaffirmed 2023 operating EPS guidance of $5.19-$5.39 and long-term growth rate 6%-7%.
Launched sale process for AEP Energy retail, AEP OnSite Partners, and 50% stake in New Mexico Renewable Development joint venture.
Strategic review of non-core transmission JVs (Prairie Wind, Pioneer, Transource); expects to close unregulated renewables sale to IRG in Q2 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAN ELECTRIC POWER CO INC updated its the first quarter ended March 31, 2023 guidance (reaffirmed).

Period: the first quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

AEP REPORTS FIRST-QUARTER EARNINGS, REAFFIRMS 2023 GUIDANCE

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN ELECTRIC POWER CO INC filing history →

Source: SEC EDGAR

accession 0000004904-23-000071

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.